Why is Sarla Performanc falling/rising?

As of 15-Sep, Sarla Performance Fibers Ltd is experiencing a price increase, with the current price at Rs 103.35, reflecting a rise of Rs 5.15 or 5.24%. The stock has shown positive momentum, gaining for the last two days and achieving a total return of 5.3% during this period. It outperformed its sector by 4.94% today and reached an intraday high of Rs 105.4, which is a 7.33% increase. Despite a year-to-date decline of 8.54%, the stock has performed well over the past year with a return of 12.64%. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 83.06% compared to the 5-day average, indicating growing interest in the stock.
Broader market context shows that while Sarla Performance Fibers has struggled in the short term, underperforming the Sensex over the past week and month, it has significantly outperformed the benchmark over the last three years with a return of 81.63% compared to the Sensex's 36.46%. The stock's liquidity appears sufficient for trading, and its high dividend yield of 3.06% may also attract investors. Overall, the recent price rise can be attributed to increased investor engagement and positive short-term performance, despite the broader market challenges.